Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury - Leadership?

Reply Thu 18 Sep, 2008 06:05 am
Your Democratic Congress in action (or is it "inaction")....

Sept. 18 (Bloomberg) -- The Democratic-controlled Congress, acknowledging that it isn't equipped to lead the way to a solution for the financial crisis and can't agree on a path to follow, is likely to just get out of the way.

Lawmakers say they are unlikely to take action before, or to delay, their planned adjournments -- Sept. 26 for the House of Representatives, a week later for the Senate. While they haven't ruled out returning after the Nov. 4 elections, they would rather wait until next year unless Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke, who are leading efforts to contain the crisis, call for help.

One reason, Senate Majority Leader Harry Reid said yesterday, is that ``no one knows what to do'' at the moment.

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Reply Thu 18 Sep, 2008 08:05 am
And what do you propose they do Woiyo?

Any legislation wouldn't take effect for at least a month as it goes through congress and the President has to sign it and then it has to be implemented. I don't think AIG can wait a month. I doubt WaMu and others can wait that long either. What precisely are you asking Congress to do Woiyo? Let's see your plan.
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Reply Thu 18 Sep, 2008 05:12 pm
Well, the GOP can stay in DC ab=nd fix it just like theyve been doing since Sen Gramms Bill passed.
Reply Mon 22 Sep, 2008 04:12 am
Congress is not the Executive. They make laws and okay expenses, more like accountants.
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Reply Mon 22 Sep, 2008 09:39 am
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